All Infomation Blog

Along with the other identity proofs, after April 2010, we also have an Aadhaar card with a unique Aadhaar number. So when we hear the phrase " Loan on Aadhaar ", many of us might think that a loan on Aadhaar means that we can borrow money using our aadhaar cards, just like a loan on credit cards, this is not true.  In fact, as of yet, it is not possible to get a loan by using just your UIDAI-issued identity card. But yes our aadhaar cards do help us in getting a loan from any bank or NBFCs along with other supporting documents. Though our Aadhaar card is not proof of our citizenship but has a lot of our details attached to its database, this facilitates the bank or other financial organization in the verification process of the borrower and therefore reducing the time and documentation involved during the entire transaction.

Loans for the women are the loans available to the women at a lower rate of interest available in women loans with ease of payment. The modes of repayment of loans are flexible as compared to the other loans. Women can get a home loan, personal loan or a gold loan at a lower rate of interest. Home loan for women:. They can get 90% of the value of the property as a home loan at lower interest rates than the original rates. Presently, the home loan rate for women starts at 7.15% rate of interest. Personal loan for women: To avail a personal loan for women, they should have a good credit score and a steady income. They can avail a personal loan to start an enterprise, or in case they fall short of the budget for getting married. The personal loan rates start at 10.50%. Gold loan for women: She can avail a gold loan for a period of 4 years by submitting the KYC documents. The gold loan rates for women starts at 10.50% and can be availed by any housewife as it does not require any income